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Generally, my models are suggesting more of the same - sideways action
with slight downward bias in NYSE, modest decline in NASDAQ to complete
the possible H&S bottom I have mentioned previously. I see the same big
H&S top in the S&P that many of the talking heads are mentioning,
however my weekly models are not in bad shape and I don't see a major
decline at this time although the market remains at highest levels of
historical valuation relative to earnings and interest rates and is
therefore at very high risk to shock.
With most financial markets in tight ranges am trading intraday only at
this time. For investment money diversification across, REIT, Asia
Pacific, small cap growth, and corporate bond funds have continued to do
nicely. Am watching the small cap carefully, as I suspect we may see a
switch to bigger caps in near future.
Earl
----- Original Message -----
From: <Proffittak@xxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, July 06, 2000 4:57 AM
Subject: [RT] Re: risk /reward sp500/nd
> In a message dated 7/5/00 3:51:59 PM Eastern Daylight Time,
> ketayun@xxxxxxxxxxxxxx writes:
>
> << Your ndx forecast is definitely getting there, PLEASE update
privately
> or to the list.
>
> Very impressed,
>
> Thank you,
>
> Ketayun >>
> Hello
> DO not like to make a habit of this
> but will post today's #
>
> sp500 Max down 20-25 points, up Max 2 days =40 points
> ND Max down 200-220, up Max 2 days 350-400
> future trading involves risk
> mf trading involves risk
> ONLY use RISK capital
> this is NOT a trading recommendations, only my humble note
>
>
>
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